Question

1. You are approached by an executive in a local company in one of the countries in which you plan to sell your product. This executive offers to introduce you to a government official that can help you develop the market for your product. You are also advised to bring whether making this payment is ethical.
2. Name three potential trade barriers you could face when exporting your products. Explain how these trade barriers could affect your business and describe ways you can overcome these challenges.

Answer 1

Three type of trade barriers which will be faced by me in order to export my goods-

A. government rules is one of the most important trade barriers which will be having significant impact on my overall exports.

B. It can also impact the amount of subsidies which are received by the company from the government

C. There will be various roadblocks at exports and there will be holding up of goods at customs.

This type of trade barriers are in my overall ability to export my goods to other country then it will also impact the overall profitability and loss of opportunity because of stringent regulations.

I will be trying to manage with all the required regulations in advance and I will be trying to follow the proper instruction and structure of the custom rules and guidelines and exports in order to have a safe passage of goods and to comply with all the trade regulations which will enhance my efficiency of exporting.